12 April 2013 11:39 [Source: ICIS news]
Correction: In the ICIS story headlined “Baerlocher to expand PVC additives capacity in India” dated 12 April 2013, please read in the second paragraph …capacity will be doubled to 5,000 tonnes/year… instead of …capacity will be doubled to 50,000 tonnes/year…. A corrected story follows.
MUMBAI (ICIS)--Baerlocher plans to expand its polyvinyl chloride (PVC) stabilizers capacity in India to meet growing domestic demand, a senior executive at the plastic additives producer said on Friday.
"We have decided to expand our liquid mix metals stabilizer plant at Dewas, Indore; capacity will be doubled to 5,000 tonnes/year. These additives are used for PVC calendered film, flexible and semi rigid films," said Rainer Grasmuck, the company's global head of PVC additives.
The company will be spending around $200,000 on this project which is due to be completed in the next six months.
Baerlocher recently doubled the capacity of its calcium-based stabilizer plant at Dewas to 3,000 tonnes/year. These stabilizers are used by the PVC pipes, profiles and cables market.
These expansions will help Baerlocher consolidate its position in Indian PVC additives market.
"We are a leading supplier in India and have a 30% share of the market," said Grasmuck on the sidelines of Vinyls India 2013 conference.
China and India are key growth markets for the company which is headquartered in Germany.
Vinyls India 2013 concludes on Friday.
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